Resolution 99-24
RESOLUTION No.1g / ?4l fZ)
A RESOLUTION of the City Council of the City of Wylie, Texas, amending the current
investment policy, providing for scope of this policy, providing for investment objectives,
providing for an investment committee, providing for delegation of authority, providing
investment strategies by pooled fund groups, providing for standard of care, providing for
other investment guidelines, providing for investments authorized by the City of Wylie,
providing for portfolio diversification and maturity limits, providing for selection of
brokers/dealers, providing for selection of depositories, providing for safekeeping and
custody, providing for record keeping and reporting, providing for ethics and conflicts of
interest, providing for policy revisions, and making various finds and provision related to
the subject.
WHEREAS,the 1999 Legislature ofthe State of Texas enacted House Bill 3009 amending
the Public Funds Investment Act; and
WHEREAS, the Public Funds Investment Act, as amended, requires the City to adopt an
investment policy by rule, order, ordinance or resolution; and
WHEREAS, the Public Funds Investment Act, as amended, requires that the City's
investment policy be reviewed by the governing body not less than annually;
WHEREAS,the attached investment policy and any incorporated revisions comply with the
Texas Government Code, Chapter 2256, Public Funds Investment Act, Subchapter A - Authorized
Investments for Governmental Entities and Subchapter B - Miscellaneous Provisions as amended;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WYLIE, THAT the City of Wylie has complied with the requirements of the Public Funds
Investment Act and the Investment Policy, as amended and attached hereto is hereby adopted as the
investment policy of the City effective October 26, 1999.
PASSED AND ADOPTED this 26th day of October, 1999.
CITY OF WYLIE, TEXAS
ATTEST:
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